Amielyn Miyaji
Sep 4, 2018 · 2 min read

Research, buy and hold.

Cryptocurrency’s investment side has caught a lot of people’s attention. This is the simplest explanation of why and how it works. Prices change according to its supply and demand. The more people understand and believe in blockchain technology, the more people buy or invest, and that pushes the price to go up. If no one buys, then it stays on its value or worst lose it. Depends on what cryptocurrency or coin you are buying. Crypto holders earn through gains by purchasing a cryptocurrency for a current price and hold it until it gains value. For example, 1 Ethereum is now at $ 289.59, and then after a year, the price went up to $1,300 because a lot have invested in that cryptocurrency or coin. Investors, by then would either sell their cryptocurrency/coin to an individual lower than the current market value or, have their gained amount exchanged to fiat through cryptocurrency exchange via online and re-buy another cryptocurrency/coin in the market that has the potential to grow.

Keep in mind that investment takes time. It’s not going to be instant.

It will cost you time, money and hard graft to make it a passive income. Although, you can start with an amount you feel comfortable investing and not wait until you have enough money to buy. Just be responsible by doing your research about a specific cryptocurrency or coin. Check their whitepaper and roadmap, current supply, market cap and daily volume on popular exchanges. (Binance, coinbase, bitfinex) Be involved in groups or forums to know what others think about cryptocurrency. (Cryptopanic) Also, check on cryptocurrency news site and be updated with what’s happening in the market.

Be with us, as we research and share more knowledge about cryptocurrency.

For the latest updates with cryptocurrency in the Philippines, please feel free to visit our website. https://www.xin-marketing.com/

If you find my article interesting, please share and follow me on my social media accounts. Facebook|Twitter |Quora|Tumblr|Reddit.

For easy manage, safe and secured Ethereum Wallet, please download HB wallet.

Thank you, and God bless us all!

Amielyn Miyaji

Written by

On the research about cryptocurrency.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade